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Under the deal, Prada and LVMH had been obligated to acquire any of the forty nine % of Fendi that the sisters should resolve to sell. The label misplaced approximately 20 million euros in 2001 and once more in 2002. In 2002, Prada agreed to sell its 25.5 p.c stake to LVMH for $265 million. Carla Fendi, a member of the founding household, continued to behave as chairwoman and a minority owner until 2008. And as an adult human, I often have adult human equipment.
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